Point Ruston - Building 8 & Century Theater 5057-5058 Main St

5057-5058 Main St , Tacoma, Washington, 98407 | 10,110 sq.f | $ 13,200,000

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About This Restaurant

Investment Highlights

Executive Summary

Building 8 is a 10,110 SF building with 4 retail suites. The property is currently 82.2% occupied with MultiCare Indigo Urgent Care, Obee Credit Union, and Rebels & Lovers clothing store.Century Theater is a 35,815 SF condo that is fully occupied by Century Theater, Inc. Century Point Ruston was opened in 2015 with nine screens and "luxury lounger" recliner seats. Century operates under the parent company Cinemark, a publicly traded company out of Dallas that operates hundreds of theatres.The properties are currently under court-appointed receivership. Any offer will require a sale motion and court approval. Please fill out the confidentiality agreement to access the offering memorandum and due diligence materials. Visit the offering website to register at https://pointrustonretail.com

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Retail
  • Building Size    10,110
  • Building Class    B
  • Year Built    2018
  • Price    13,200,000
  • Price Per SF    1,306
  • Cap Rate    7.03
  • NOI    927,960
  • Percent Leased    83
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.26
  • Land Acres    0.90 AC

Property Taxes

Parcel Number 895000-3314 Improvements Assessment $1,962,200
Land Assessment $1,187,000 Total Assessment $3,149,200
Date Created: 2024-07-16 04:23:49 Last Updated: 2024-07-16 04:23:49
Address: 5057-5058 Main St , Tacoma, Washington, 98407